the step to the next candle, i will enter in the direction of the Ema cross. I have worked out that i win about 4 out of 5 using this system. This depends on the timeframe you are trading on; On 15m chart i use a trail of 10-15 pips, looking for an overall 25-40pip trade. I have not tested it but like the concept behind. Forex EMA is calculated as per the formula:, where: EMAt EMA in the point corresponding to a certain moment of time; forex exam EMAt-1 EMA in the point preceding preset moment of time; pt source value of price on chart corresponding to a certain moment of time;. It is better to apply EMA in short-term trading, because it responses to Forex changes with a maximum speed and is not as demonstrative on high time-frames. An ema cross will not be fixed until the end of a period/candle/bar is complete.
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So in short its an ema 5 and ema 1 cross on longer time frame system. I asas forex moshed will wait for the Emas to cross and for the timeframe on that cross-candle to have almost come to an end. Upon that, EMA value is smoothed rather that initial price. It was original posted by a user call Morzino a few years back but the thread on the subject is still going. This is what i do; I will wait for the Emas to cross and for the timeframe on that cross-candle to have almost come to an end.
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